lclaxton44 lclaxton44

06-03-2017
Mathematics

contestada

Isabel deposits $6,000 into an account that earns 1.5% interest compounded monthly. Assuming no more deposits and no withdrawals are made, how much money is in the account after 4 years?

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Aliwohaish12 Aliwohaish12

06-03-2017

A=6,000×(1+0.015÷12)^(12×4)
A=6,370.78

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